Keeping a close eye on market developments and the changing needs of our customers, we are constantly reviewing the relevance of each property in the portfolio. Properties with untapped potential or older specifications will be revitalised through asset enhancement or redevelopment initiatives.
The redevelopment of Mapletree Benoi Logistics Hub in Singapore is a fine example that demonstrates our ability to add greater value to MLT’s existing assets. This project saw the transformation of six blocks of single-storey warehouses into a modern, five-storey green ramp-up logistics facility. With the four-fold increase in gross floor area to 92,500 square metres, the new facility offers sizeable contiguous floor plates to accommodate the varying space requirements of logistics players.
Other notable initiatives include redevelopment projects at Mapletree Logistics Hub - Toh Guan and Mapletree Pioneer Logistics Hub in Singapore, as well as Mapletree Ouluo Logistics Park in China.
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Mapletree Ouluo Logistics Park (China)
Nature: Redevelopment
GFA: 2.4x increase from 33,625 sqm to 80,700 sqm
Impact: Modern two-storey ramp-up facility designed for modern logistics operations
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Mapletree Pioneer Logistics Hub (Singapore)
Nature: Redevelopment
GFA: 1.8x increase from 40,000 sqm to 72,000 sqm
Plot ratio: 1.4x to 2.5x
Impact: BCA Green Mark Certified, a multi-storey ramp-up facility designed for modern logistics operations
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Nature: Redevelopment
GFA: Four-fold increase from 22,500 sqm to 92,500 sqm
Plot ratio: 0.6x to 2.5x
Impact: BCA Green Mark Platinum Super Low Energy Building, a multi-storey ramp-up facility designed for modern logistics operations
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Nature: Redevelopment
GFA: Additional 40,000 sqm in GFA to 63,500 sqm
Plot ratio: 0.93x to 2.5x
Impact: BCA Green Mark Gold, a multi-storey ramp-up facility designed for modern logistics operations
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